TIMALSINA: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TIMALSINA
Largest movements
- Intangible fixed assets -€3,000
down €3,000 (-32.4%), from €9,247 to €6,247
- Cash -€347
down €347 (-66.3%), from €524 to €177
mainly Trade debts (-€8,688) and Receivables within one year (-€134)
- Tangible fixed assets -€300
down €300 (-67.2%), from €446 to €146
- Stocks and contracts -€226
down €226 (-2.0%), from €11,113 to €10,887
- Trade debts -€8,688
down €8,688 (-65.8%), from €13,205 to €4,517
- Other debts +€3,772
new in 2024: €3,772
- Profit (loss) carried forward +€841
up €841 (+35.3%), from €2,385 to €3,226
- Turnover +€24,900
up €24,900 (+15.7%), from €158,533 to €183,433
- Purchases and services +€23,334
up €23,334 (+15.4%), from €151,786 to €175,120
From the 2023 result to the 2024 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €21,788 | €18,016 | -€3,772 | -17.3% |
| Formation expenses | 20 | €34 | - | -€34 | |
| Fixed assets | 21/28 | €9,692 | €6,393 | -€3,300 | -34.0% |
| Intangible fixed assets | 21 | €9,247 | €6,247 | -€3,000 | -32.4% |
| Tangible fixed assets | 22/27 | €446 | €146 | -€300 | -67.2% |
| Furniture and vehicles | 24 | €446 | €146 | -€300 | -67.2% |
| Current assets | 29/58 | €12,061 | €11,623 | -€439 | -3.6% |
| Stocks and contracts in progress | 3 | €11,113 | €10,887 | -€226 | -2.0% |
| Stocks | 30/36 | €11,113 | €10,887 | -€226 | -2.0% |
| Amounts receivable within one year | 40/41 | €425 | €559 | +€134 | +31.6% |
| Other amounts receivable | 41 | €425 | €559 | +€134 | +31.6% |
| Cash at bank and in hand | 54/58 | €524 | €177 | -€347 | -66.3% |
| Total equity and liabilities | 10/49 | €21,788 | €18,016 | -€3,772 | -17.3% |
| Equity | 10/15 | €8,579 | €9,590 | +€1,010 | +11.8% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €194 | €364 | +€170 | +87.4% |
| Non-distributable reserves | 130/1 | €194 | €364 | +€170 | +87.4% |
| Reserves not available under the articles | 1311 | €194 | €364 | +€170 | +87.4% |
| Profit (loss) carried forward | 14 | €2,385 | €3,226 | +€841 | +35.3% |
| Amounts payable | 17/49 | €13,208 | €8,426 | -€4,783 | -36.2% |
| Amounts payable within one year | 42/48 | €13,208 | €8,426 | -€4,783 | -36.2% |
| Trade debts | 44 | €13,205 | €4,517 | -€8,688 | -65.8% |
| Suppliers | 440/4 | €13,205 | €4,517 | -€8,688 | -65.8% |
| Taxes, remuneration and social security | 45 | €4 | €137 | +€133 | +3480.4% |
| Taxes | 450/3 | €4 | €137 | +€133 | +3480.4% |
| Other amounts payable | 47/48 | - | €3,772 | +€3,772 | |
| Turnover | 70 | €158,533 | €183,433 | +€24,900 | +15.7% |
| Goods, raw materials, services and sundry goods | 60/61 | €151,786 | €175,120 | +€23,334 | +15.4% |
| Remuneration, social security and pensions | 62 | €1,834 | €2,544 | +€711 | +38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,650 | €3,333 | -€316 | -8.7% |
| Other operating charges | 640/8 | - | €532 | +€532 | |
| Gross operating margin | 9900 | €6,747 | €8,313 | +€1,567 | +23.2% |
| Operating profit (loss) | 9901 | €1,264 | €1,904 | +€640 | +50.7% |
| Financial charges | 65/66B | €61 | €236 | +€175 | +288.3% |
| Recurring financial charges | 65 | €61 | €236 | +€175 | +288.3% |
| Profit (loss) for the period before taxes | 9903 | €1,203 | €1,668 | +€465 | +38.7% |
| Income taxes | 67/77 | - | €658 | +€658 | |
| Profit (loss) for the period | 9904 | €1,203 | €1,010 | -€192 | -16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,203 | €1,010 | -€192 | -16.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.